Member Info for clearspot

Currently the short position on PSN is less than 1%, so no worries on that front.

Unfortunately none of us have much money tied up in ACP now the shares are worthless, but in September 2021 we all sat on 6p a share.

Put it down to experience.

Bye.

Has anyone else noticed the shadow purchasing that has been taking place all week?

Who wants so many shares at knockdown prices?

I suppose MB's mates could be sweeping up the PI's holdings!

Steve,

I am not sure that a broker based in Cyprus is covered by the UK £85k protection.

Perhaps their intention was to gain 28% within 10 weeks? And if they continue holding for the remainder of the year perhaps they may double their money?

This must be one of the most undervalued quality company just waiting for interest rates to start falling.....................

The silver selling price is only half the story. If the cost of getting it out of the ground is too high then no-one will want to bother with it. I cannot believe that a profitable mine would be left in maintenance for 40 years. So what does ACP know that others have missed?

Has anyone found out why the silver mine was closed in the 80's? There must have been an evaluation at the time that convinced the owners not to continue mining. That would make some interesting reading in 2024!

I do believe that this information was published on 6th September 2023, referring to the 3 months June to end August, ie: before interest rates stopped rising!!

I would be happier to see the current quarter report!

DYOR

Does anyone know when the study into the economics of going underground at the mine will be published?

I recall some comment regarding the end of 2023 for an update. Clearly there would be a risk of a new capital requirement to fund the underground work, perhaps that is what is compressing the SP this year?

But what if it is too expensive to go underground, or if the costings are prohibitive? Too much risk of the unknown here at the moment, IMHO

Marula Mining PLC - Africa-focused mining and development company - Says its local partners in Tanzania: Takela Mining Tanzania Ltd and NyoriGreen Mining Ltd have made seven new mining licence applications at the Nyorinyori graphite project and the NyoriGreen graphite project. Says the applications follow phase 1 exploration earlier this month. Licences are anticipated to be granted in the first quarter of 2024. Says the new licenses will consolidate its position in the area.

Chief Executive Jason Brewer says: "Over the past month we have been making considerable progress at both the Nyorinyori and NyoriGreen graphite projects, with the Phase 1 exploration work targeting the high-grade and jumbo flake graphite mineralisation. With the mineralisation identified to extend over an initial strike length of over two kilometres, with our geological consultants, we felt it necessary to look to expand our footprint in the area to include additional graphite mining licenses that are believed to have significant potential for high-grade and jumbo flake graphite mineralisation... we will be in a strong position to consolidate exploration activities in the area to target potential high-grade graphite mineralisation.

Current stock price: 12.95 pence each

12-month change: quadrupled

That shows the way to promote the share price!!

Dee12345,

I recall that I did a similar calculation , and reached 55p as NPV, and then discounted it by 50% to reflect what would be needed to offer a mining company take an oven ready project. Remember, ACP is an investment company not a miner.

This had the added attraction of not having to go through the production process, and gives investors a sooner return.

However, that was before 2 years of silence. I am not quite so sure about the resulting 27.5 p number now though!!

What about proxy votes from those who can't attend?

More noise asking for answers?

I will lend my vote on that basis!

JPW,

only problem is that no-one wants to buy it, no-one wants to bring it back to production and no-one wants to but the small diamonds they get from Ghagoo.

Perhaps GEMD should give it away!

Freedom, not sure that H1 2023 P+L is the game changer here just at the moment.

Take a read of the Chairman's report earlier in the year and see how many times he warns about the risk of being a single asset company with an existential problem .

If they cannot afford to go underground, or the numbers do not hold up, then it's bye-bye and thanks for all the fish.

Try looking at ACP, pre -roduction graphite in Tanzania. Undervalued with excellent resources. The only difference is that KDR talk to their shareholders!

DYOR!

It would be nice if they confirmed that they are still committed to the project, and to offer some timescale before further progress, hopefully without using the word imminent!

With the AGM coming up, if PI's are unhappy with the flow of information they can always use their votes in a positive and demanding manner, rather that sitting on the sidelines.

I have been in here since 2015, and will wait for the outcome, but would prefer some confirmation that the BOD have not all been stolen by aliens.

19th January 2019:
Nick Johansen, Director of Armadale said, “The Board of Armadale is confident that African Royalty and its related parties, who have significant experience of operating in the DRC, represents the best opportunity for Armadale to crystallise the value of the Mpokoto Project and begin receiving returns through the agreed royalty payments on gold sales. We look forward to reporting further news in due course relating to the development of Mpokoto and of our primary value driver, the Mahenge Liandu Project.”

Does anyone know if this 1.5% royalty has actually generated any revenue?
If the BOD cannot share their behind the scenes news regarding the Mahenge graphite project, should shareholders expect some update on progress on the gold mine? Surely an update on the gold project is due as it is now 4 years since they made the deal.
There is no reason for silence on this particular business stream.

Reducer,
That analysis is exactly the same as I concluded earlier last week regarding Lloyds. Flat lining since 2008.
Not very exciting , and unfortunately the same for Barclays.

It maybe the wrong board , but the comment is still valid.

My thoughts exactly, cut and paste , editing the name and numbers.
Looking forward to the Armadale version!!